Lending

Credit union lending to fund $13 million of $17 million expected price tag for 127-room hotel.

The 135,000-member Royal Credit Union has purchased the mortgage servicing rights to $600 million in mortgage loans from a local bank that the FDIC subsequently took over and sold to another bank.

The Wisconsin Credit Union League continues to criticize the banking industrys use of the Small Business Lending Fund for what it claims is misuse.

The $83 million Musicians Interguild Credit Union of Hollywood, Calif., has a beef over how examiners treat modifications on interest-only loans and its CEO/Treasurer Marc Jacoby is outspoken on the topic.

If there is a credit union determined to not let a crisis go to waste, it is the $4.2 billion Bethpage Federal Credit Union.

At best, modest loan growth is the most credit unions are experiencing even as auto sales increased by 8% in September.